Everything speaks in favor of $XRP bulish reversal, but long-term market development is still covered in fog
is poised for a potential price recovery, based on recent market trends and the technical analysis outlined in our previous report. Our earlier prediction of a drop toward the $0.46 level, which serves as the lower border of the descending price channel, seems to have taken shape, and it is now time for a likely upward shift.
However, it is important to remember that in the ever-volatile world of cryptocurrencies, things can change rapidly. While the technical signs suggest imminent upward movement, external factors such as regulatory news, macroeconomic events or changes in investor sentiment can impact XRP's trajectory.Nevertheless, if XRP manages to leverage this setup and commence an upward move, the next target could be the upper boundary of the channel.
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